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Investopedia
investopedia.com › articles › optioninvestor › 09 › silver-thursday-hunt-brothers.asp
Hunt Brothers' Silver Thursday: Market Manipulation Explained
April 20, 2009 - The fallout led to significant ... The Hunt brothers attempted to corner the silver market by accumulating two-thirds of the global privately-owned silver supply....

event resulting in a drop in silver prices

Silver Thursday - Wikipedia
Silver Thursday was an event that occurred in the United States silver commodity markets on Thursday, March 27, 1980, following the attempt by brothers Nelson Bunker Hunt, William Herbert Hunt and Lamar … Wikipedia
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Wikipedia
en.wikipedia.org › wiki › Silver_Thursday
Silver Thursday - Wikipedia
2 weeks ago - Silver Thursday was an event that occurred in the United States silver commodity markets on Thursday, March 27, 1980, following the attempt by brothers Nelson Bunker Hunt, William Herbert Hunt and Lamar Hunt (collectively known as the Hunt Brothers) to corner the silver market.
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Shipping and Commodity Academy
shippingandcommodityacademy.com › home › how the hunt brothers cornered the silver market: a historical perspective on market manipulation
How the Hunt Brothers Cornered the Silver Market: A Historical Perspective on Market Manipulation | Shipping and Commodity Academy
October 7, 2024 - They attempted to corner the market by accumulating vast quantities of silver, driving prices to unprecedented levels. This bold strategy caused a significant ripple effect in the financial world, ...
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Encyclopedia Britannica
britannica.com › politics, law & government › banking & business
Silver Thursday | Causes, Impact, & Aftermath | Britannica
July 29, 2024 - The term Silver Thursday refers the dramatic fall in the price of silver on March 27, 1980, following the Hunt brothers’ attempt to corner the market on the metal.
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CNBCTV18
cnbctv18.com › home
Backstory: When Hunt Brothers cornered the silver market in late 70s - CNBC TV18
February 4, 2021 - But the Hunt brothers, instead of squaring up their positions, chose to take delivery of silver. This relentless buying started pushing silver prices higher, all the way to $50 an ounce, from $11.
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Priceonomics
priceonomics.com › home › home › how the hunt brothers cornered the silver market and then lost it all
How the Hunt Brothers Cornered the Silver Market and Then Lost it All - Priceonomics
March 20, 2022 - In 1988, a New York City jury found for the South American firm, levying a penalty of over $130 million against the Hunts and finding that they had deliberately conspired to corner the silver market.
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APMEX
learn.apmex.com › home › silver thursday | the hunt brothers scheme
Silver Thursday | The Hunt Brothers Scheme - APMEX
August 12, 2025 - Believe it or not, the sons of a billionaire oil tycoon once cornered the market on the world’s silver supply, inflating its value by more than 700 percent. Their initial success, followed by a total unraveling of their scheme, is known as ...
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Wikipedia
en.wikipedia.org › wiki › Nelson_Bunker_Hunt
Nelson Bunker Hunt - Wikipedia
1 week ago - Beginning in the early 1970s, Hunt and his brothers William Herbert and Lamar began accumulating large amounts of silver on Comex through Brodsky and Associates. By 1979, they had nearly cornered the global market.
Find elsewhere
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Monex
monex.com › home › knowledge › insiders view of the hunt brothers silver story and the bullion market of the 1970s
Hunt Brothers Silver Story & the Bullion Market of the 1970s
January 7, 2025 - In fact, according to gold, silver did not rise. [see gold to silver timeline below] Silver kept pace with gold and the dollar’s devaluation for a hundred years. The truth is that the Hunts did not ‘corner’ silver markets, nor the gold markets, oil, gas or any other commodities where prices rose.
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Global Bullion Suppliers
globalbullionsuppliers.com › en-us › blogs › blog › inside-story-hunt-brothers-cornered-silver-market
How The Hunt Brothers Cornered The Silver Market | GBS – Global Bullion Suppliers
March 21, 2018 - They were then sued by a Peruvian ... a penalty of over $130 million against the Hunts. The jury ruled that they had deliberately conspired to corner the silver market....
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Scottsdale Mint
scottsdalemint.com › articles › 2024 › the-hunt-brothers-how-two-billionaires-broke-the-silver-market
The Hunt Brothers: How Two Billionaires Broke the Silver ...
Scottsdale Mint is USA private mint based in Scottsdale Arizona and Casper Wyoming. We design, manufacture and deliver the best silver and gold coins and bars on the market for both consumers, banks and governments around the world.
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Reddit
reddit.com › r/wallstreetbets › remembering history: the hunt brothers and silver (1979-1980)
r/wallstreetbets on Reddit: Remembering History: The Hunt Brothers and Silver (1979-1980)
I thought that the whole "I lost it all in cocoa futures" was a joke... dammit. Onion futures... really?
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Fox Business
foxbusiness.com › sports › kansas-city-chiefs-hunt-family-silver-market
Kansas City Chiefs' Hunt family once tried to corner world's silver market | Fox Business
January 29, 2020 - In 1988, a federal civil court determined that the Hunt brothers had participated in a racketeering scheme to corner the silver market and ordered them to pay $130 million in damages to Minpeco S.A., a commodities firm owned by the Peruvian ...
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Kotak Securities
kotaksecurities.com › home › investing guide › the billionaire brothers who broke the silver market!
Hunt Brothers & the Silver Crash: How Billionaires Broke the Market | Kotak Securities
May 23, 2025 - Home > Investing Guide > General > The Billionaire Brothers Who Broke the Silver Mark ... ... The time was around late 1970s, two Texas oil tycoons set out to corner the silver market. Drove the prices up by 400% in just months.
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Investopedia
investopedia.com › terms › s › silver_thursday.asp
Silver Thursday: What it Means, How it Works
June 17, 2022 - In finance, the term "Silver Thursday" ... was precipitated by the failed attempt of three brothers—Nelson Bunker Hunt, William Herbert Hunt, and Lamar Hunt—to corner the market in silver....
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Stack Exchange
economics.stackexchange.com › questions › 37596 › how-did-the-hunt-brothers-cornering-the-silver-market-drop-gold-prices-in-1981
commodities - How did the Hunt brothers' cornering the silver market drop gold prices in 1981? - Economics Stack Exchange

Since nobody is answering this, I will point out that the answer is half there.

  • The cornering attempt directly affected the silver price, but gold went along for the ride. People treated gold/silver as an asset class - “precious metals” - and they traded them on a relative basis (the gold/silver ratio).
  • The rules were changed, and the Hunts were forced to liquidate. This directly drove down silver futures.
  • Gold went along for the ride. People who were long silver and gold got hit my margin calls, and they had to liquidate both. The gold/silver ratio would rise if gold did not move. Finally, people unaware of the details of the silver market would just view this as the end of the run for “precious metals.”
  • Beyond that, it’s just opinions.
Answer from Brian Romanchuk on economics.stackexchange.com
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What Did It Cost?
davemanuel.com › 2023 › 12 › 14 › silver-thursday-hunt-brothers
"Silver Thursday": When Three Brothers Attempted to Corner The Silver Market
Would they walk away with a massive profit, or would they be led to the brink of financial ruin? In the early 1980s, this question was answered when three brothers - William Herbert Hunt, Lamar Hunt and Nelson Bunker Hunt - decided to try and ...
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FasterCapital
fastercapital.com › content › Hunt-Brothers--The-Masterminds-Behind-Silver-Thursday.html
Hunt Brothers: The Masterminds Behind Silver Thursday - FasterCapital
In the world of finance, the name ... Herbert Hunt, were two Texas oil billionaires who, in the late 1970s, began buying up silver in a bid to corner the market....